CyrusOne Inc. Announces Closing of Zenium Acquisition

CyrusOne Inc. (“CyrusOne”), a premier global data center REIT, today announced that it has closed its previously announced acquisition of Zenium Data Centers (“Zenium”), a leading hyperscale data center provider with properties in London and Frankfurt, Europe’s two largest data center markets.
“We are excited to take this important step in establishing a European footprint at a time when our customers are expanding globally and demand across the continent is accelerating, particularly for larger deployments,” said Gary Wojtaszek, president and chief executive officer of CyrusOne. “We believe there is a tremendous opportunity as the market continues to evolve rapidly. With this acquisition, as well as additional development sites we have in process in key markets across Europe, we will be very well positioned to help our customers as their business requirements grow, while creating significant value for our shareholders.”
“We are thrilled to enter the European marketplace through the milestone closing of the Zenium acquisition,” said Jonathan Schildkraut, executive vice president and chief strategy officer of CyrusOne. “By the end of 2019, we expect our European platform to provide nearly 250 megawatts of potential data center inventory, inclusive of both the Zenium platform together with our organic site development efforts, spread across four major markets, giving us one of the largest platforms in Europe. With this closing achieved, we will now broaden our expansion efforts to include additional markets in other key geographies across the globe.”
The acquisition of Zenium is the critical first step of CyrusOne’s previously announced European expansion strategy. The European data center market is growing quickly with strong demand for larger deployments, a market segment for which CyrusOne has unique expertise and capabilities. Take-up across London, Frankfurt, Amsterdam and Paris in the first half of 2018 was 87 megawatts (“MW”), up 50% from the first half of 2017.
The Zenium portfolio includes four operating properties in London and Frankfurt with nearly 20 MW of critical load capacity available for lease-up, as well as additional development sites in London and Frankfurt with the potential to add an incremental 31 MW of critical load capacity upon full build-out.
The transaction meaningfully accelerates CyrusOne’s ability to address the increasingly global needs of its existing customers. At the same time, the Company’s expanding footprint will allow CyrusOne to more effectively compete for opportunities from potential customers looking for a single provider with a geographically diverse presence. CyrusOne also expects to benefit from significant operating leverage as the combined company expands within these markets as well as into new markets. CyrusOne currently has development sites in process across London, Dublin, Frankfurt and Amsterdam that, when combined with Zenium, would result in a total prospective European footprint of nearly 250 MW.
CyrusOne financed the Zenium acquisition with proceeds from its $300 million delayed draw term loan and borrowings under its $1.7 billion revolving credit facility. CyrusOne also assumed approximately $85 million of debt outstanding under Zenium’s EUR-denominated credit facility.
Source: businesswire

Latest Jobs
-
- CyberArk Architect
- London
- Upto £110,000 plus bonus and benefits
-
Are you ready to lead from the front and drive innovation in the Identity & Access Management (IAM) space? We’re looking for a seasoned CyberArk Architect who has CDE-CPC ideally or experience with privilege Cloud, someone who can lead with vision, execute with precision, and inspire teams to deliver excellence. As a key leader in our organisation, you’ll bring your strong business acumen and a technology-focused, innovative mindset to the table. You’ll be driving strategic initiatives, shaping transformation programs, and empowering teams to think big and deliver even bigger. Acting as a subject matter expert in CyberArk Leading strategic transformations in: Identity Governance Privileged Access Management (PAM) Access Management Customer Identity and Access Management (CIAM) Building and maintaining strong, collaborative relationships within the team Communicating clearly and confidently — both written and verbal — to deliver updates, raise potential issues, and share insights If you are interested in the above position we are looking for people with: deep expertise and a successful track record in IAM strategy, delivery, or assurance with CyberArk Hold relevant certifications such as CDE in Privileged Cloud or Guardian Have experience in a client-facing role (preferred, but not essential) Thrive in a hybrid working environment and are available to work from our or client London office three days a week Lead with clarity, communicate with impact, and adapt quickly to changing priorities
-
- OUTSIDE IR35 Splunk Engineer- SC Cleared.
- United Kingdom
- N/A
-
OUTSIDE IR35 Splunk Engineer- SC Cleared. You will be responsible for consolidating Splunk ES data from multiple feeds into a single pane of glass to enhance visibility and streamline security operations.
-
- Identity & Access Management Architect
- Edinburgh
- Upto £95000 plus bonus and benefits
-
Location: Edinburgh | Hybrid Working | Permanent Are you an experienced Identity & Access Management professional with a passion for designing and implementing cutting-edge security solutions? We are looking for a Lead Architect, where you’ll play a key role in helping clients enhance their IAM capabilities, protect critical data, and navigate complex security challenges. About the Role As a Lead Architect, you will be responsible for shaping and delivering IAM strategies, designing robust security solutions, and driving long-term digital transformation. You’ll leverage your expertise to provide strategic guidance on areas such as: Identity Governance & Administration (IGA) Privileged Access Management (PAM) Access Management (AM) Entitlement Management Directories & Authentication Solutions You will have the opportunity to work with innovative technologies and frameworks, ensuring that businesses can securely manage access to critical assets while enabling growth. What You’ll Be Doing Providing subject matter expertise in IAM and leading transformation projects for clients Developing IAM roadmaps, operating models, and governance frameworks Driving innovation by integrating IAM capabilities into wider digital transformation strategies Building and maintaining strong relationships with clients and stakeholders Designing and implementing scalable IAM solutions to meet business needs What We’re Looking For Proven experience in IAM strategy, solution architecture, or assurance Strong leadership skills with experience guiding technical teams Ability to work in a client-facing role, delivering clear communication and insights A technology-focused, innovative mindset with strong business acumen Willingness to work from our Edinburgh office 2-3 days per week
-
- Security Architect - Cloud - Consultancy London
- London
- N/A
-
Security Architect with a focus into Cloud (AWS, Azure or Google Cloud Platform) needed. You must have client facing consultancy experience. This mean you must have experience working with clients helping them to meet their security design needs. That could include working with existing internal teams to understand, review and mitigate / uplift existing Cloud Security designs, or perhaps helping clients set out / understand their current needs and deliver their cloud security strategy. (Or anything in between) Technical knowledge is of course essential but working with clients to understand and solve their Cloud Security design challenges is vital. You must obviously have a current history working as a cloud security architect. You will need to be commutable to London. Whilst a hybrid role the expectation is 3 days a week in the office / meeting clients. International relocation or Visa sponsorship isn’t available for this role. Apply on this page and arrange a call here https://calendly.com/d/crpz-m7j-wyx